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Lennar's Profit, Revenue Tops Estimates

Tue, 09/20/2016 - 6:09am
Lennar, the second-largest U.S. homebuilder, reported higher-than-expected profit and revenue for the third quarter as it sold more homes at higher prices and the company said orders rose 8.1 percent.
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Wells Fargo CEO to Take 'Full Responsibility' in Senate Hearing

Tue, 09/20/2016 - 5:05am
Wells Fargo's chief executive, John Stumpf, will tell U.S. senators on Tuesday that he is "deeply sorry" for selling customers unauthorized bank accounts and credit cards and that he would take "full responsibility" for the unethical activity.
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Report finds racial wage gap widest in nearly 4 decades

Tue, 09/20/2016 - 5:03am
As wages for American workers have stagnated for more than a generation, the income gap between black and white workers has widened, and discrimination is the main reason for the persisting disparity, according to a new report.
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GlaxoSmithKline Names Walmsley New CEO

Tue, 09/20/2016 - 4:27am
GlaxoSmithKline said on Tuesday it had chosen Emma Walmsley, head of consumer healthcare, as its new chief executive, after considering internal and external candidates.
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Senate panel to scrutinize proposed Bayer-Monsanto merger

Tue, 09/20/2016 - 4:02am
The Senate is set to take a closer look at a proposed $66 billion merger of American seed and weed-killer company Monsanto and German medicine and farm chemical maker Bayer.
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WHY IT MATTERS: Wall Street Regulation

Tue, 09/20/2016 - 3:53am
THE ISSUE: The financial crisis that struck in 2008 touched off the worst recession since the 1930s Great Depression, wiping out $11 trillion in U.S. household wealth and leaving about 8 million Americans jobless.
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GSK names Emma Walmsley as new chief executive

Tue, 09/20/2016 - 3:51am
Drugmaker GlaxoSmithKline says Emma Walmsley will be the company's new chief executive, replacing Andrew Witty when he retires next March.
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Crude Slips as Venezuela Says Market is 10% Oversupplied

Tue, 09/20/2016 - 3:50am
Oil prices edged lower on Tuesday ahead of an expected build in U.S. crude oil stocks and on Venezuelan comments that the oil market remains oversupplied by 10 percent.
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China Shares Fall, Despite Property Gains

Tue, 09/20/2016 - 3:39am
China stocks slipped in thin trading on Tuesday, as gains for property shares after upbeat home price data were not enough to outweigh sluggishness pulling down many other sectors.
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Alabama governor praises pipeline company's response to leak

Tue, 09/20/2016 - 3:14am
Alabama Gov. Robert Bentley says gas prices in parts of the state rose 20 cents over the weekend after a pipeline leak but he didn't consider that price gouging.
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Stunt? Even with jerseys and books to sell, Tebow says no

Tue, 09/20/2016 - 2:35am
Mets fans can buy a few jerseys featuring names of players in the team's instructional league.
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Tyson Gay in the field for USA bobsled push championships

Tue, 09/20/2016 - 2:33am
Olympic sprinter Tyson Gay is entered in this week's USA Bobsled National Push Championships, making him the latest track star to give sledding a try.
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L'Oreal building solar projects at Arkansas, Kentucky plants

Tue, 09/20/2016 - 2:22am
Cosmetics maker L'Oreal USA is building thousands of solar panels at manufacturing facilities in Kentucky and Arkansas, a move the company says will help cut carbon emissions and create two of the biggest solar-powered projects in each state.
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Wells Fargo CEO to apologize for betraying customers' trust

Tue, 09/20/2016 - 1:02am
The CEO of Wells Fargo plans to apologize before a congressional panel for betraying customers' trust in a scandal over allegations that employees opened millions of unauthorized accounts to meet aggressive sales targets.
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GM, Canadian workers reach deal to avert strike

Tue, 09/20/2016 - 12:55am
General Motors and the Canadian auto workers union Unifor have reached a tentative contract agreement, averting a strike that threatened to begin at midnight Monday.
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AAA research finds people waste money on premium gas

Tue, 09/20/2016 - 12:03am
There is no sense paying a premium for premium gasoline if your car is designed to run on regular, according to research by the automobile club AAA.
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CJ Group pulls out of race for McDonald's South Korea operations

Mon, 09/19/2016 - 10:44pm
South Korean food-to-entertainment conglomerate CJ Group on Tuesday said it did not enter the latest round of bidding for McDonald's Corp's South Korean operations.
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1 More Surprise Winner Inside the Apple Inc. iPhone 7

Mon, 09/19/2016 - 8:27pm
Apple included an FPGA chip inside its latest iPhone from this small programmable-logic specialist.
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Bitcoin is money, U.S. judge says in case tied to JPMorgan hack

Mon, 09/19/2016 - 8:08pm
Bitcoin qualifies as money, a federal judge ruled on Monday, in a decision linked to a criminal case over hacking attacks against JPMorgan Chase & Co and other companies.
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The Most Important Lesson From Wells Fargo's Giant Debacle

Mon, 09/19/2016 - 8:01pm
Wells Fargo is guilty of the same type of behavior that got its less-respected peers, Bank of America and Citigroup, into so much trouble eight years ago -- that is, cutting corners to boost profits irrespective of risk.
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